Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

Yes x No o

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, or a non-accelerated filer. See definition of accelerated filer and large accelerated filer in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer o Accelerated filer o

Non-accelerated filer o Small reporting company x

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes o No x

At November 13, 2013, there were 13,572,568 shares of the registrant's common stock outstanding.

PART I.

FINANCIAL INFORMATION

Item 1.

Financial Statements

1

OCULUS VISIONTECH INC.

CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2013

(Unaudited)

(Stated in US Dollars)

F-1

OCULUS VISIONTECH INC AND SUBSIDIARY

CONDENSED CONSOLIDATED BALANCE SHEETS

(Stated in US Dollars)

September 30,

December 31,

2013

2012

(Unaudited)

(Audited)

ASSETS

Current Assets:

Cash and cash equivalents

$ 5,293

$ 7,415

Accounts receivable

16,500

3,529

Prepaid expenses and other current assets

5,468

494

Total current assets

27,261

11,438

Deferred Tax Assets, net of valuation allowance

of $10,086,000 and $10,060,000, respectively

-

-

Total Assets

$ 27,261

$ 11,438

LIABILITIES AND STOCKHOLDERS' DEFICIENCY

Current Liabilities:

Accounts payable and accrued expenses

$ 54,794

$ 49,728

Accounts payable and accrued expenses - related parties

298,298

212,833

Notes payable

58,399

58,399

Notes payable - related parties

520,947

520,947

Total current liabilities

932,438

841,907

Commitments and Contingencies

Stockholders' Deficiency:

Preferred stock - no par value; authorized 250,000,000 shares,

none issued

Common stock and additional paid-in capital -

no par value; authorized 500,000,000 shares,

issued and outstanding 13,572,568

38,755,638

38,755,638

Accumulated deficit

(39,660,815)

(39,586,107)

Stockholders' deficiency

(905,177)

(830,469)

Total Liabilities and Stockholders' Deficiency

$ 27,261

$ 11,438

SEE ACCOMPANYING NOTES

F-2

OCULUS VISIONTECH INC AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

(Stated in US Dollars)

(Unaudited)

For the three months ended

For the nine months ended

September 30,

September 30,

September 30,

September 30,

2013

2012

2013

2012

Revenue

$ 16,500

$ 12,911

$ 45,981

$ 36,438

Expenses:

Cost of sales

1,635

1,936

3,047

6,225

Research and development

-

20,000

-

45,000

Selling, general and administrative

24,283

32,655

90,233

153,095

Total expenses

25,918

54,591

93,280

204,320

Loss from operations

(9,418)

(41,680)

(47,299)

(167,882)

Other income (expense)

Interest income (expense)

(8,660)

(39,381)

(27,409)

(117,362)

Total other income (expense)

(8,660)

(39,381)

(27,409)

(117,362)

Net loss

$ (18,078)

$ (81,061)

$ (74,708)

($ (285,244)

Net loss per share - basic and diluted

$ (.00)

$ (.01)

$ (.01)

$ (.02)

Weighted-average number of common

shares outstanding - basic and diluted

13,572,568

13,572,568

13,572,568

13,214,444

SEE ACCOMPANYING NOTES

F-3

OCULUS VISIONTECH INC AND SUBSIDIARY

CONSOLIDATED STATEMENTS OF STOCKHOLDERS' DEFICIENCY

(Stated in US Dollars)

(Unaudited)

Total

Common Stock

Accumulated

Stockholders'

Shares

Amount

Deficit

Deficiency

Balance at December 31, 2012

13,572,568

$ 38,755,638

$ (39,586,107)

$ (830,469)

Net loss

-

-

(74,708)

(74,708)

Balance at September 30, 2013

13,572,568

$ 38,755,638

$ (39,660,815)

$ (905,177)

SEE ACCOMPANYING NOTES

F-4

OCULUS VISIONTECH INC AND SUBSIDIARY

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

(Stated in US Dollars)

(Unaudited)

Nine months ended September 30,

2013

2012

Cash flows from operating activities:

Net loss

$ (74,708)

$ (285,244)

Adjustments to reconcile net loss to net cash used in operating

activities:

Amortization of debt discount

-

90,353

Changes in operating assets and liabilities:

Increase in accounts receivable

(12,971)

(21,438)

Decrease (increase) in prepaid expenses and other current assets

(4,974)

3,103

Increase (decrease) in accounts payable and accrued expenses

5,066

(4,387)

Increase in accounts payable and accrued expenses

due to related parties

85,465

121,838

Net cash used in operating activities

(2,122)

(95,775)

Net decrease in cash and cash equivalents

(2,122)

(95,775)

Cash and cash equivalents at beginning of year

7,415

99,833

Cash and cash equivalents at end of year

$ 5,293

$ 4,058

Supplemental disclosures of cash flow information:

Cash paid during the year for interest

$ 1,000

$ -

SEE ACCOMPANYING NOTES

F-5

OCULUS VISIONTECH INC AND SUBSIDIARY

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

September 30, 2013

(Unaudited)

(Stated in US Dollars)

NOTE A  BASIS OF PRESENTATION

The accompanying unaudited consolidated financial statements have been prepared in accordance with generally accepted accounting principles for interim financial information and with the instructions to Form 10-Q and Rule 10-01(a)(5) of Regulation S-X. Accordingly, they do not include all of the information and footnotes required by generally accepted accounting principles for complete financial statements. In the opinion of the management, all adjustments (consisting of normal recurring accruals) considered necessary for fair presentation have been included. The results for the interim periods are not necessarily indicative of the results that may be attained for an entire year or any future periods. For further information, refer to the Financial Statements and footnotes thereto in the Companys annual report on Form 10-K for the fiscal year ended December 31, 2012.

NOTE B  GOING CONCERNS:

The accompanying condensed consolidated financial statements have been prepared assuming the Company will continue as a going concern. As shown in the financial statements, the Company has incurred loss of $74,708 for the nine month period ended September 30, 2013 and, in addition the Company incurred losses of $339,219 and $161,612 for the years ended December 31, 2012 and 2011, respectively. As of September 30, 2013, the Company had an accumulated deficit of $39,660,815 and a working capital deficit of $905,177 These conditions raise doubt about the Company's ability to continue as a going concern. The Company's ability to continue as a going concern is dependent upon its ability to generate sufficient cash flow to meet its obligations as they come due which management believes it will be able to do. To date, the Company has funded operations primarily through the issuance of common stock and warrants to outside investors and the Company's management. The Company believes that its operations will generate additional funds and that additional funding from outside investors and the Company's management will continue to be available to the Company when needed. The Company also has certain lawsuits pending which could result in additional liabilities. The financial statements do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary in the event the Company cannot continue as a going concern.

F-6

Item 2.

Management's Discussion and Analysis of Financial Condition and

Results of Operations

CAUTIONARY STATEMENT

This document includes statements that may constitute forward-looking statements made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. We caution readers regarding certain forward-looking statements in this document, press releases, securities filings, and all other documents and communications. All statements, other than statements of historical fact, including statements regarding industry prospects and future results of operations or financial position, made in this Quarterly Report on Form 10-Q ("Report") are forward looking. The words "believes," "anticipates," "estimates," "expects," and words of similar import, constitute "forward-looking statements." While we believe in the veracity of all statements made herein, forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by us, are inherently subject to significant business, economic and competitive uncertainties and contingencies and known and unknown risks. As a result of such risks, our actual results could differ materially from those expressed in any forward-looking statements made by, or on behalf of, our company. We will not necessarily update information if any forward-looking statement later turns out to be inaccurate. Our actual results could differ materially from those anticipated in these forward-looking statements for many reasons, including risks and uncertainties set forth in our Annual Report on Form 10-K, as well as in other documents we file with the Securities and Exchange Commission ("SEC").

The following information has not been audited. You should read this information in conjunction with the unaudited financial statements and related notes to the financial statements included in this report.

The Companys products and services are based on its media delivery infrastructure and software. It has developed a number of specific products and services. These include MediaSentinel and SmartMarks, a process that watermarks digital video content; StreamHQ, a collection of source-to-destination media delivery services marketed to businesses; EncodeHQ, a service that digitizes and compresses analog-source video; hardware server and encoder system applications under the brand name Hurricane Mediacaster; ZMail, a service that delivers Web and rich media content to targeted audiences, and mediaClix, a service that delivers content similar to Zmail but originating from an existing Web presence.

As more fully discussed below we have not been profitable, and our revenues for the nine-months ended September 30, 2013 were $45,981. We cannot predict our revenue levels for the next 3 months, or thereafter, nor when, or if, our operations will become profitable. We will require additional financing, both for the next 3 months and thereafter, to continue to operate and expand our business. There is no assurance that such financing will be available on commercially reasonable terms, if at all.

2

BUSINESS OBJECTIVES:

We have established the following near-term business objectives:

1.

Patent and license new technology developed within the corporate research and development program;

2.

Attain industry recognition for the superior architectural, functional, and business differentiators of our MediaSentinel architecture;

3.

Demonstrate proof of concept on a commercial project with MediaSentinel architecture;

4.

Establish StreamHQas the industry standard in the streaming video and rich media marketplace;

5.

Expand StreamHQ functionality to provide enhanced support for corporate training and education markets.

CRITICAL ACCOUNTING POLICIES (AND ESTIMATES)

Our discussion and analysis of our financial condition and results of operations are based upon our financial statements, which have been prepared in accordance with accounting principles generally accepted in the United States. The preparation of these financial statements requires us to make estimates and judgments that affect the reported amounts of assets, liabilities, revenues and expenses, and related disclosure of contingent assets and liabilities. On an ongoing basis, we evaluate these estimates, including those related to customer programs and incentives, bad debts, inventories, investments, intangible assets, income taxes, warranty obligations, impairment or disposal of long-lived assets, contingencies and litigation. We base our estimates on historical experience and on various other assumptions that are believed to be reasonable under the circumstances, the results of which form the basis for making judgments about the carrying values of assets and liabilities that are not readily apparent from other sources. Actual results may differ from these estimates under different assumptions or conditions.

We have identified the policies below as critical to our business operations and to the understanding of our financial results. The impact and any associated risks related to these policies on our business operations is discussed throughout managements discussion and analysis of financial condition and results of operations where such policies affect our reported and expected financial results:



Revenue recognition;



Impairment or disposal of long-lived assets;



Deferred taxes;



Accounting for stock-based compensation; and



Commitments and contingencies.

REVENUE RECOGNITION. Revenue is recognized for digital water marking based on a contracted usage schedule on a monthly billing cycle. Software revenue and other services are recognized in accordance with the terms of the specific agreement, which is generally upon delivery and when accepted by customer. Maintenance, support and service revenue are recognized ratably over the term of the related agreement. In order to recognize revenue, we must not have any continuing obligations and it must also be probable that we will collect the accounts receivable.

3

IMPAIRMENT OR DISPOSAL OF LONG-LIVED ASSETS. Long-lived assets are reviewed in accordance with ASC Topic 360-10-05. Impairment or disposal of long-lived assets losses are recognized in the period the impairment or disposal occurs.

DEFERRED TAXES. We record a valuation allowance to reduce deferred tax assets when it is more likely than not that some portion of the amount may not be realized.

ACCOUNTING FOR STOCK-BASED COMPENSATION. Under ASC Topic 718, Stock Compensation (formerly referred to as SFAS No. 123(R)), the Company estimates the fair value of stock options granted using the Black-Scholes option pricing model. The fair value for awards that are expected to vest is then amortized on a straight-line basis over the requisite service period of the award, which is generally the option vesting term. The amount of expense attributed is based on estimated forfeiture rate, which is updated based on actual forfeitures as appropriate. This option pricing model requires the input of highly subjective assumptions, including the expected volatility of the Companys common stock, pre-vesting forfeiture rate and an options expected life. The financial statements include amounts that are based on the Companys best estimates and judgments.

COMMITMENTS AND CONTINGENCIES. We account for commitments and contingencies in accordance with ASC Topic 450 Contingencies (formerly referred to as financial accounting standards board Statement No. 5, Accounting for Contingencies). We record a liability for commitments and contingencies when the amount is both probable and reasonably estimable.

RESULTS OF OPERATIONS

Sales

Sales for the nine-month period ended September 30, 2013 and 2012 were $45,981 and $36,438, respectively. Sales for the three-month period ended September 30, 2013 and 2012 were $16,500 and $12,911, respectively. Revenues were generated from Software License Agreement from our Smartmark Software. Sales for 2013 and 2012 were from one customer.

Cost of Sales

The cost of sales for the nine months ended September 30, 2013 were $3,047 compared to $6,225 for the comparable period in 2012. For the three months ended September 30, 2013 were $1,635 compared to $1,936 for the comparable period in 2012. Costs are the commissions and royalties on our video watermarking license agreement. Contract for royalties expired in 2012.

Selling, General and Administrative Expenses

Selling, general and administrative expenses, consisting of product marketing expenses, consulting fees, office, professional fees and other expenses to execute our business plan and for our day-to-day operations, decreased in the nine months ending September 30, 2013. We have a contract for our Smartmark Software and delivered acceptable release to start billing and delivered additional server licenses. Product marketing costs decreased due to managements decision to concentrate the companys current base. Professional and filing fees decreased due to the non recurring expense with the reverse split of our stock in 2012. Administrative expenses have decreased as a result.

Selling, general and administrative expenses for the nine months ended September 30, 2013 decreased by $62,862 to $90,233 from $153,095 for the nine months ended September 30, 2012.

4

Product marketing costs for the nine months ended September 30, 2013, decreased to $-0- from $30,734 for the comparable period in 2012. We incurred decreased costs in 2013 due to managements decision to concentrate the companys current customer base.

Professional fees for the nine months ended September 30, 2013, decreased to $14,334 from $28,760 for the comparable period in 2012. We incurred decreased costs in 2013 due to cost associated with the company stock split in 2012.

Salaries and fees for the nine months ended September 30, 2013 and 2012 were $-0-. No cost were incurred due to management and employee reductions.

We have arranged for additional staff and consultants to engage in marketing activities in an effort to identify and assess appropriate market segments, develop business arrangements with prospective partners, create awareness of new products and services, and communicate to the industry and potential customers. Other components of selling, general and administrative expense did not change significantly.

Research and Development

Research and development costs for the nine months ended September 30, 2013, decreased to $-0- from $45,000 for the comparable period in 2012. We incurred decreased costs in 2013 due to managements decision to concentrate the companys current customer base.

Net Losses

To date, we have not achieved profitability and expect to incur substantial losses for the foreseeable future. Our net loss for the nine-months ended September 30, 2013 was $74,708, compared with a net loss of $285,244 for 2012.

Liquidity and Capital Resources

At September 30, 2013 our cash position was $5,293, a decrease of $2,122 from December 31, 2012. We had a working capital deficit of $905,177 and an accumulated deficit of $39,660,815at September 30, 2013.

We have historically satisfied our capital needs primarily by issuing equity securities to our officers, directors, employees and a small group of investors, and from short-term bridge loans from members of management. During the nine-months ended September 30, 2013, short term advances were received from officers, directors, employees and a small group of investors short term loans.

We will require additional financing to fund current operations through fiscal 2013. We have historically satisfied our capital needs primarily by issuing equity securities and receiving advances from related parties. We will require an additional $0.25 million to $1.25 million to finance operations through fiscal 2013 and we intend to seek such financing through sales of our equity securities.

Assuming the aforementioned $0.25 million to $1.25 million in financing is obtained, we believe that continuing operations for the longer term will be supported through anticipated licensing revenues and through additional sales of our securities. We have no binding commitments or arrangements for additional financing, and there is no assurance that we will be able to obtain any additional financing on terms acceptable to us, if at all.

The Company and the note holders agreed to a seven-month due date extension to December 31, 2013.

5

OFF-BALANCE SHEET ARRANGEMENTS

We do not maintain any off-balance sheet transactions, arrangements, or obligations that are reasonably likely to have a material effect on our financial condition, results of operations, liquidity, or capital resources.

Item 3.

Quantitative and Qualitative Disclosures About Market Risk

We believe our exposure to overall foreign currency risk is not material. We do not manage or maintain market risk sensitive instruments for trading or other purposes and we are not exposed to the effects of interest rate fluctuations as we do not carry any long-term debt.

We report our operations in US dollars and our currency exposure, although considered by us as immaterial, is primarily between US and Canadian dollars. Exposure to other currency risks is also not material as international transactions are settled in US dollars. Any future financing undertaken by us will be denominated in US dollars. As we increase our marketing efforts, the related expenses will be primarily in US dollars. At September 30, 2013, 99% of our bank deposits are maintained in U.S. dollars.

Item 4.

Controls and Procedures

Our management, with the participation of our Chief Executive Officer and Chief Financial Officer, has evaluated the effectiveness of our disclosure controls and procedures, as defined in Exchange Act Rules 13a-15(e) and 15d-15(e), as of the end of the period covered by this report.

In designing and evaluating our disclosure controls and procedures, management recognized that any controls and procedures, no matter how well designed and operated, can provide only reasonable assurance of achieving the desired control objectives.

No system of controls can prevent errors and fraud. A control system, no matter how well designed and operated, can provide only reasonable, not absolute, assurance that the control systems objectives will be met. Further, the design of a control system must reflect the fact that there are resource constraints, and the benefits of controls must be considered relative to their costs. Because of the inherent limitations in all control systems, no evaluation of controls can provide absolute assurance that all control issues and instances of fraud, if any, within our company have been detected. These inherent limitations include the realities that judgments in decision-making can be faulty, and that breakdowns can occur. Controls can also be circumvented by individual acts of some people, by collusion of two or more people, or by management override of the controls. The design of any system of controls is based in part upon certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions. Over time, controls may become inadequate because of changes in conditions or deterioration in the degree of compliance with its policies or procedures. Because of the inherent limitations in a cost-effective control system, misstatements due to error or fraud may occur and not be detected.

Subject to the limitations above, management believes that the consolidated financial statements and other financial information contained in this report, fairly present in all material respects our financial condition, results of operations, and cash flows for the periods presented.

Based on the evaluation of the effectiveness of our disclosure controls and procedures, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures (as

6

defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) were not effective as a result of the weaknesses in the design of our internal control over financial reporting.

PART II.

OTHER INFORMATION

Item 1.

Legal Proceedings

None.

Item 1A. Risk Factors

A description of the risks associated with our business, financial condition, and results of operations is set forth in Part I, Item 1A, of our Annual Report on Form 10-K for the fiscal year ended December 31, 2012. These factors continue to be meaningful for your evaluation of our company and we urge you to review and consider the risk factors presented in the Form 10-K. There have been no material changes to these risks presented in the Form 10-K.

Item 2.

Changes in Securities and Use of Proceeds

None.

Item 3.

Defaults Upon Senior Securities.

None.

Item 4.

Removed and Reserved.

N/A.

Item 5.

Other Information.

None.

Item 6.

Exhibits and Reports on Form 8-K

Number

Exhibit Description

31.1

Certification of Chief Executive Officer pursuant to Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

31.2

Certification of Chief Financial Officer pursuant to Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.

32.1

Certification of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

32.2

Certification of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

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